53 Louisa Street, West Centre Town

$649,000
53 Louisa Street

$649,000

New
31d
Detached2-Storey

53 Louisa Street, West Centre Town

Total Monthly Obligation $3,377

Beds
2
Baths
2
Park
2
Sqft
1500-2000
DOM
31d
Score
22
Yield
5.8%
Cash on Cash
0.6%
Cap Rate
4.7%
5Y IRR
16.1%
10Y IRR
15.0%
Property Type-Detached
MLS® Number-X13814230
Beds-2
Bathrooms-2
Size-1500-2000 sqft
Lot Size-26.87 × 71.91 ft
Listed on site-Sep 22, 2026
Style-2-Storey
Building Type-Detached
Taxes-$4,614 (2026)
Parking-2 - None
Basement-Unfinished
Heating-Forced Air (Gas)
Brokerage-RE/MAX HALLMARK REALTY GROUP
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-North
Exterior-Aluminum Siding
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-4205 - West Centre Town
Title-Residential Freehold

No agent assigned

A detached home, a private driveway with parking for two, and a quiet street with a real sense of community...Now that's a lot to love! The landscaped front garden and cheerful porch make a lovely first impression. Inside, the layout gives you room to spread out with an open concept living and dining area with rich hardwood flooring, a huge eat-in kitchen with space for a proper table or a big island, and a main-floor family room addition that opens to the fenced, landscaped backyard. It's an easy setup for dinner with friends, a movie night, or an occasional overnight guest. Upstairs are two bedrooms and a dedicated office space so working from home doesn't have to take over the kitchen table. The basement adds laundry and plenty of storage. Out back, there's space to dine outdoors, raised garden beds if you like to grow things, and secure storage for bikes and gear in a yard that's easy to maintain. With no attached neighbours and your own driveway, this is a fun alternative to condo living or a great place to buy your first home. Dow's Lake, Little Italy, Centretown, and the cafés and restaurants along Preston and Somerset are all within easy walking distance while your front porch and garden await just a few blocks away. Many important updates include a new gas furnace in 2024, backyard landscaping and interlock in 2019, rear roof 2021/front roof 2010 by Sanderson with a 25 year warranty, insulation under the addition, and new windows in 2015. Monthly Utilities in 2025: Water $103, Hydro $114, Gas $111. This is a solid buy for a detached home in Ottawa's core. Great house, great value!

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%
%
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$
$
(utilities, internet...)
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%
%

Closing Costs

Mortgage Amount
$519,200
Land Transfer Taxes$9,455
Legal Fees (Est.)
$
Total cash required for closing$140,755

Total Monthly Obligation

$3,377/mo
Mortgage $2,618
Monthly Loss $2,688
Principal$689
Interest$1,929
Property Tax$385
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.8%25
Cash-on-Cash
-4.6%3
5-Year IRR
12.0%50
10-Year IRR
12.2%
Returns Index
26.1/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
22/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$37,884/yr
NOI
$24,982/yr
Net Cash Flow
-$536/mo
Cash Margin
-17.0%0
Cash Flow Index
0.2/ 100
Risk Profile
Weight: 20%
DSCR
0.8014
LTV Ratio
80.0%18
Vacancy Buffer
2.8 mo47
Risk Index
26.3/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 53 Louisa Street

Time

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Data last updated within the past 24 hours.